XPENG Announces Vehicle Delivery Results for May 2024

10,146 vehicles delivered in May 2024, an increase of 35% year-on-year

GUANGZHOU, China, June 01, 2024 (GLOBE NEWSWIRE) — XPeng Inc. (“XPENG” or the “Company”, NYSE: XPEV and HKEX: 9868), a leading Chinese intelligent electric vehicle (“Smart EV”) company “), today announced its vehicle delivery results for May 2024.

XPENG delivered 10,146 smart electric vehicles in May, representing an increase of 35% year-on-year and 8% from the previous month. Notably, the XPENG its launch. Year to date, XPENG has delivered 41,360 smart electric vehicles, representing a 26% year-on-year increase.

In May, XNGP’s monthly active user penetration rate in urban driving scenarios reached 84%. Additionally, as of May 2024, the accredited road test mileage of XNGP by XPENG R&D team exceeded 6.46 million kilometers, bringing the company closer to achieving the full national road coverage of XNGP of here the third quarter of this year.

At XPENG’s AI Day event on May 20, 2024, the company officially announced the large-scale rollout of its AI-based embedded operating system, XOS 5.1.0 or AI Tianji OS, to eligible users . This deployment highlights XPENG’s leading position in the application of end-to-end AI models in China’s automotive industry, as well as the world’s first AI valet driver that leverages advanced AI technologies.

About XPENG

XPENG is a leading Chinese intelligent electric vehicle company that designs, develops, manufactures and markets intelligent electric vehicles that appeal to the broad and growing base of technology-savvy middle-class consumers. Its mission is to drive the transformation of intelligent electric vehicles through technology, shaping the mobility experience of the future. To optimize its customers’ mobility experience, XPENG internally develops its advanced comprehensive driver assistance system technology and in-vehicle intelligent operating system, as well as core vehicle systems, including the group powertrain and electrical/electronic architecture. XPENG is headquartered in Guangzhou, China, with main offices in Beijing, Shanghai, Silicon Valley, San Diego and Amsterdam. The company’s smart electric vehicles are mainly manufactured at its factories in Zhaoqing and Guangzhou, Guangdong province. For more information, please visit https://www.xpeng.com/.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will”, “expects”, ” anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Statements that are not historical facts, including statements regarding XPENG’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including, but not limited to, the following: XPENG’s objective and strategies; XPENG’s expansion plans; XPENG’s future business development, financial condition and operating results; trends and size of the Chinese electric vehicle market; XPENG’s expectations regarding market demand and acceptance of its products and services; XPENG’s expectations regarding its relationships with customers, suppliers, third-party service providers, strategic partners and other stakeholders; general economic and commercial conditions; and the assumptions underlying or relating to the foregoing. Further information regarding these and other risks is included in XPENG’s filings with the United States Securities and Exchange Commission. All information provided in this announcement is as of the date of this announcement, and XPENG undertakes no obligation to update any forward-looking statements, except as required by applicable law.

Contacts:

For investor inquiries:

RI Department
XPeng Inc.
Email: [email protected]

Jenny Cai
Piacente Financial Communication
Tel: +1 212 481 2050 / +86 10 6508 0677
Email: [email protected]

For media inquiries:

Public Relations Department
XPeng Inc.
Email: [email protected]

Source: XPeng Inc.